The tribulations of mall-based apparel sellers and department stores are alien to TJX and its off-price peers these days. As just one example, here is how the company’s CEO, Ernie Herrman, described customer traffic to their stores in Q2:
“Customer traffic was once again the primary driver of our comp store sales increases at all of our divisions as we continue to reach a very wide customer demographic. Further, this marks the 16th straight quarter of customer traffic increases for TJX and Marmaxx. We have been attracting new customers to all our divisions, a significant share of whom are younger customers. This is great for our business today and for the future.”
